Yuanrong Qixing recently announced that it has completed a US$100 million C1 round financing, exclusively invested by Great Wall Motors. This move will effectively promote its layout in the field of autonomous driving. This round of financing will be mainly used to consolidate domestic mass production projects, expand overseas markets, and actively develop cutting-edge technologies such as Robotaxi commercial operation and VLA model. Zhou Guang, CEO of Yuanrong Qixing, said that intelligent driving will become the main battlefield in the next five years, and the industry will be more fierce.
Yuanrong Qixing is one of the earliest domestic companies to apply AI technology to the field of autonomous driving. It collects real-world data through mass-produced vehicles, builds the "AI brain", and focuses on "picture-free" and end-to-end models and other technologies. The solution is committed to creating "General Artificial Intelligence (AGI) in the physical world". The company has more than 800 employees, of which more than 80% of them have R&D personnel, and has accumulated financing of more than US$500 million. Investors include well-known institutions such as Alibaba and Fosun Ruizheng.
It is understood that Yuanrong Qixing has completed 6 rounds of financing, with a cumulative financing amount of more than US$500 million. Now, with the completion of the latest round of financing, Yuanrong Qixing will mainly produce three directions: power production, VLA model and Robotaxi. In terms of mass production, its high-end intelligent driving platform DeepRouteIO has been successfully launched, with more than 10 mass production projects and more than 20,000 mass production cars. In terms of VLA model, Yuanrong Qixing will be developed based on Nvidia Thor chips and is expected to be officially launched in 2025. In terms of Robotaxi, Yuanrong Qixing is exploring large-scale operation of mass-produced vehicles based on end-to-end models, striving to have more advantages in time and economic costs, and accelerate the implementation of Robotaxi.
As of now, Yuanrong Qixing has more than 800 employees, of which more than 8 have become R&D personnel. The company has completed 6 rounds of financing, with a cumulative financing amount of more than US$500 million. Investors include Alibaba, Fosun Ruizheng, Yunqi Capital, Yaotu Capital, etc.
Now, with the completion of the latest financing of 100 million US dollars, Yuanrong Qixing will focus on three main directions: mass production, VLA model and Robotaxi. At the mass production level, at present, DeepRouteIO, a high-end intelligent driving platform of Yuanrong Qixing, has been successfully launched, with more than 10 mass production projects, and more than 20,000 mass production cars jointly created with car companies.
VLA model layer, as the first domestic companies to obtain NVIDIA Thor chips, Yuanrong Qixing will develop VLA model (Vision-Language-Action Model) based on this chip, which is expected to be in 2025. Officially launched.
At the Robotaxi level, Yuanrong Qixing is currently exploring a new commercialization route, that is, using mass-produced vehicles to realize large-scale operation of Robotaxi based on end-to-end models. Unlike traditional Robotaxi, Yuanrong Qixing's Robotaxi is not restricted by operating areas and has more advantages in time and economic costs, which will help speed up the implementation of Robotaxi.
In short, Yuanrong Qixing's financing provides strong impetus for its future development. Its continuous innovation and technological accumulation in the field of autonomous driving are worth looking forward to. Let us wait and see its breakthroughs in mass production, VLA model and Robotaxi.